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Durlax Top Surface IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Furniture sector. Expert Global Consultants Private is the merchant banker of Durlax Top Surface IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2023.
Durlax Top Surface IPO open date is 19th June 2024 and close date is 21st June 2024. IPO Allotment Date is 24th June 2024 and Listing date is 26th June 2024.Durlax Top Surface IPO size is Rs 40.80 Cr. crores with IPO price of Rs 68.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Expert Global Consultants Private Limited is the book-running lead manager of the Durlax Top Surface IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Globalworth Securities Limited for Durlax Top Surface IPO.
Durlax Top Surface IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Beacon Stone Capital | 296,000.00 | ₹68.00 | ₹20,128,000.00 |
| Astrone capital VCC | 296,000.00 | ₹68.00 | ₹20,128,000.00 |
Durlax Top Surface IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Durlax Top Surface IPO, based in Mumbai, operates in the Furniture sector with a focus on Manufacturing solid surface materials.. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Durlax Top Surface IPO size is ₹ 40.80 Cr. Crores with fresh issue size of Rs 40.80 Cr. Crores and Offer for sale being 40.80..
The IPO allotment date for Durlax Top Surface IPO is expected to be 24th June 2024, after the finalization of basis of allotment. Investors can check Durlax Top Surface IPO allotment status on the registrars website, Bigshare Services Private Limited. Durlax Top Surface IPO refund dates are 25th June 2024.
Durlax Top Surface IPO is expected to be listed on 26th June 2024.
The upper price band for the Durlax Top Surface IPO is set at ₹ 68.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Durlax Top Surface IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Durlax Top Surface IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st June 2024. After submission, funds are blocked until the basis of allotment of Durlax Top Surface IPO is finalised.
The merchant banker for Durlax Top Surface IPO is Expert Global Consultants Private Limited . Expert Global Consultants Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Durlax Top Surface IPO RHP for further details.
The registrar for Durlax Top Surface IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Durlax Top Surface IPO through their official website or helpline.
Durlax Top Surface IPO was subscribed 166.79 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 40.80 Cr.
Avg IPO Size (Sector Based)
:
₹ 22.70 Cr.
Sector: Furniture
SME IPO so far:
23
Merchant Banker:
Expert Global
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 90.76 cr.
PE
Ratio:
22.39x
Average Sector PE Ratio: 17.68x
Durlax Top Surface IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Durlax Top Surface Financial Review Page
Merchant Banker(s) of Durlax Top Surface IPO: Expert Global Consultants Private Limited
Durlax Top Surface IPO subscription was 166.79 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Durlax Top Surface IPO listed at a listing price of 103.55 against the offer price of 68.00.
The current market price of Durlax Top Surface is 47.25.
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